South America Material Handling Market is estimated to grow from US$5.173 billion in 2015 to US$6.816 billion by 2021, at a CAGR of 4.70% over the forecast period. Brazil will witness the fastest growth rate over the forecast period. Rising demand for staples, due to rapid urbanization and population growth in the region is one of the factors boosting the demand for material handling solutions. Increase in labor cost and upswing in manufacturing and construction activity are other factors contributing to the growth of this market. There has also been significant progress in the pharmaceutical industry due to ageing population, and has created the need for more bulk material handling machines for product containment and feeding reactors, thereby providing a great opportunity for material handling vendors. However, high initial investment will restrain the growth of this industry in the region over the forecast period.
First section of the report deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation.
This section also outlines various segmentations which have been covered as part of the report.
Next section provides comprehensive market dynamics through an overview section along with growth drivers, challenges and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry and regional regulations which are determining the product specifications and a brief technological aspect of material handling solutions. Complete industry analysis has also been covered through Porter’s five forces model as a part of this report section.
Thirdly, South America Material Handling market has been segmented by product, application, industry vertical, and geography. By product, the market has been segmented as automated guided vehicles, automated storage and retrieval systems, trucks and lifts, cranes, conveying systems, hoists, and others. By application, segmentation has been done as warehousing and distribution, airport baggage handling, bulk handling, postal and parcel delivery, assembly, and packaging. South America Material Handling market has further been segmented by industry vertical as manufacturing, healthcare, chemical, paper, food & beverage, warehousing, and others. By geography, the segmentation has been done as Brazil, Argentina, and others.
Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry participants profiled as part of this section are Toyota, BEUMER Group, KION, Daifuku and Linde Material Handling among others.
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